Partner (PTNR) Served Two Lawsuits for Misrepresentation, Breach of Statutory Duty
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Partner Communications Company Ltd. (Nasdaq: PTNR) was served with two lawsuits and motions for the recognition of these lawsuits as class actions, filed against Partner on February 7, 2012 in the Tel-Aviv District Court.
The first lawsuit alleges that Partner breached a statutory duty and did not comply with the provisions of the Israeli Consumer Protection Law by unlawfully charging "initiation fees" when changing tariff plans.
If the first lawsuit is recognized as a class action the total amount claimed against Partner is estimated by the plaintiffs to be approximately NIS 158 million.
The second lawsuit alleges that Partner misled its customers by misrepresenting to them the balance of unused minutes of the package of minutes, while in fact it charged them for minutes that exceeded the package.
If the second lawsuit is recognized as a class action the total amount claimed against Partner is estimated by the plaintiffs to be approximately NIS 475 million.
The first lawsuit alleges that Partner breached a statutory duty and did not comply with the provisions of the Israeli Consumer Protection Law by unlawfully charging "initiation fees" when changing tariff plans.
If the first lawsuit is recognized as a class action the total amount claimed against Partner is estimated by the plaintiffs to be approximately NIS 158 million.
The second lawsuit alleges that Partner misled its customers by misrepresenting to them the balance of unused minutes of the package of minutes, while in fact it charged them for minutes that exceeded the package.
If the second lawsuit is recognized as a class action the total amount claimed against Partner is estimated by the plaintiffs to be approximately NIS 475 million.
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